In June, the National Association of Realtors saw the median existing-home price for all housing types hit a new all-time high. Sales, however, continued to decline — they're down 2.2% from a year ago. This discrepancy between prices and sales is a clear reminder that we're in the midst of an inventory shortage and affordability [...]
According to the 2017 Profile of Home Buyers and Sellers from the National Association of Realtors, 18% of recent buyers were single females—and that number has been rising steadily over the last few years. But who are these women? What is driving them to forgo tradition, take control, and invest in real estate? The truth is that [...]
At the end of 2017, we were able to look at the past year and see that existing-home sales were up 1.1% from 2016—and it was the best year for sales since 2006. January 2018 looked a little bit different, though. Existing-home sales are 4.8% below levels from a year ago and are at the [...]
America’s a big and varied country. Each region has its own unique character and style—along with its own real estate prices, preferences, and market. For a home buyer, that means one thing: lots of options to choose from. No matter what you’re looking for—a low price point, a certain home style or affordable real estate [...]
Now that we're almost a full month into 2018, we can look back at the end of 2017 and get some perspective on the year. Overall, 2017 was a great one for existing-home sales. It was up 1.1% from last year and was the best year for sales since 2006. One interesting part of the [...]
Was the U.S. housing market something you said you were thankful for at the Thanksgiving table? If not, it should have been! According to Realtor.com, sales in November were 3.8% higher than a year ago and were at their strongest pace since December 2006. The regions with the lowest median home prices also saw the [...]
In September, we saw existing home sales rise for the first time in three months. Then, in October, the market got even hotter with existing home sales increasing to their strongest pace since earlier this summer. However, supply and demand weren’t quite in sync—there were fewer closings on an annual basis for the second straight month due to supply shortages.
Looking for a new home? We can give you a step by step path to follow. Most often a prospective homebuyer’s first question is, “How much can I afford?” The answer many lenders provide better answers the question, “How much can I borrow?” Many lenders only consider what you are able to pay each month, then tell you how much you can borrow.
Fast Facts About the Housing Market for September 2017